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REGISTERED NUMBER: 10638801 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

GUNEY PROPERTY LIMITED

GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUNEY PROPERTY LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr Yilmaz Aksu





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 10638801 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Balance Sheet
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,975,500 1,975,500
1,975,500 1,975,500

CURRENT ASSETS
Cash at bank and in hand 4,259 8,939

CREDITORS
Amounts falling due within one year 6 363,562 372,037
NET CURRENT LIABILITIES (359,303 ) (363,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,616,197

1,612,402

CREDITORS
Amounts falling due after more than one
year

7

1,470,821

1,484,891
NET ASSETS 145,376 127,511

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 144,376 126,511
SHAREHOLDERS' FUNDS 145,376 127,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Balance Sheet - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr Yilmaz Aksu - Director


GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Guney Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 10,000
DEPRECIATION
Eliminated on disposal 10,000
At 29 February 2024 10,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 10,000

GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,975,500
NET BOOK VALUE
At 29 February 2024 1,975,500
At 28 February 2023 1,975,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 17,745 24,905
Other creditors 84,000 65,103
Directors' current accounts 260,317 281,529
Accruals and deferred income 1,500 500
363,562 372,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 8) 1,470,821 1,484,891

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,452,997 1,452,967

8. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due between one and two years:
Bounce back loan 17,824 31,924

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,452,997 1,452,967

GUNEY PROPERTY LIMITED (REGISTERED NUMBER: 10638801)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000